Currently there are two tax effective ways to donate to CEW:
- Make a trust distribution: A valid income distribution from a trust to a beneficiary is subject to tax in the hands of the beneficiary, at the beneficiary's income tax rate. Where a distribution is made to CEW, the distribution will be exempt from tax (as CEW is exempt from tax) and therefore no tax will be paid on the trust distribution by either the donor or CEW.
- Testamentary giving: Bequeathing cash and/or property to CEW pursuant to a last will and testament. From a tax perspective, where an exact amount is bequeathed to CEW, the deceased and their estate is not able to claim a tax deduction. If the bequest is an asset, there may be tax considerations for the deceased estate.
This information provides high level guidance on how to make a tax effective donation to CEW and we recommend you seek advice from your accountant and/or lawyer.
Whilst CEW is registered as a charity with the Australian Charities and Not-for-profit Commission (ACNC), CEW currently does not have Deductible Gift Recipient (DGR) status. This means that a cash donation will not be tax deductible.
CEW can provide the donor with a receipt for a cash donation for their records.
Sometimes people prefer to support a specific CEW initiative. We are very happy to work with a donor to ensure the gift is achieving impact in an area they are passionate about. For example, a gift could change the life of an emerging leader through an education scholarship or help build the next generation of women leaders.
A member of the CEW Executive team will consult with you on how your gift can be specifically allocated to one of our initiatives. Please call CEW on +61 2 9333 9363 or email us.